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in massachusetts, too. tonight on "washington week." >> to the people of haiti we say clearly and with conviction you will not be foresaken, you will not be forgotten. in this, your greatest need, america stands with you. gwen: a terrible earthquake. >> this is a major catastrophe for haiti. gwen: a devastating death toll. >> we need more people down here! gwen: uncertainty everywhere. >> the most urgent thing we can do now is get them through the next week to 10 days. we have to find the living and the dead and we have to take care of both. gwen: can haiti, plagued by decades of deprivation, survive? in washington, the president talks tough to bankers paying themselves big bonuses. >> we want our money back and we're going to get it. gwen: but will taxpayers still pay in the end? and in massachusetts, a potential political upset that could undo ted kennedy's legacy. covering the week, helene cooper of "the new york times," doyle mcmanus of "the los angeles times," deborah solomon of "the wall street journal," and dan balz of "the washington post." plus, a special report from abc's martha raddatz
the options tonight on "washington week." >> we don't quit. i don't quit. gwen: the president's big speech casts a spotlight on a critical political dilemma. >> we have to recognize that we face more than a deficit of dollars right now. we face a deficit of trust. gwen: he took on washington. >> what frustrates the american people is a washington where every day is election day. gwen: but blames his own failings on poor communication. >> i take my share of the blame for not explaining it more clearly to the american people. gwen: and today the president took his complaint directly to his most consistent detractors, house republicans. >> i am one of 22 house freshmen. we didn't create this mess but we are here to help clean it up. gwen: what happens now? on job creation? on health care? on bipartisanship? >> we're going to look for common ground but we're not going to roll over on our principles. gwen: after a year of modest successes and setbacks, we assess the state of the union with the reporters covering the week. peter baker of "the new york times." dan balz of "the washington post." g
. gwen: happy new year! but, before we look ahead, we take a look back tonight on "washington week." a thwarted attempt to blow a plane from the sky revives old fears about terrorism, and the tradeoffs we make to feel safe. >> this was a serious reminder of the dangers that we face and the nature of those who threaten our homeland. >> the threat to the united states is real. i think this administration has downplayed it. they need to recognize it. gwen: at the end of the year and the end of a decade, a new scare. michael duffy of "time" magazine provides context. then, a roundtable with three "washington week" panelists whose books tell us much about the year just passed and the year to come. dan balz, author of "the battle for america 2008: the story of an extraordinary election," joan biskupic, the author of "american original," a biography of the supreme court justice antonin scalia, david sanger, author of "the inheritance," a look at the challenges of our foreign policy. >> celebrating 40 years of journalistic excellence, from our nation's capital, this is "washington week" wi
. and blogger kevin drum tours washington's heart of darkness from down pennsylvania avenue, over to k street where the lobbyists cluster like vultures, then past the local branch of goldman sachs-- also known as the u.s. treasury-- and up to capitol hill, where key members kneel in supplication to receive their morning tithes from the holy church of the almighty dollar. as kevin drum writes, a year after the biggest bailouts in u.s. history, wall street owns washington lock, stock and debit card. kevin drum, formerly with "washington monthly," is now the political blogger at "mother jones." he's here to talk about his report, along with david corn, who's been covering washington for 23 years and is now "mother jones" washington bureau chief. welcome to you both. >> moyers: welcome to both of >> good to be with you, bill. >> moyers: let me read you a letter that was posted on our website a few days ago from a faithful viewer. his name is mike demmer. i don't know him personally, but i like to hear from him. he says, "dear bill, i watch your program all the time. what i don't understand is how
. >> charlie: welcome to the broadcast. we're live tonight from london, new york and washington. earlier this evening, president obama delivered his first state of the union address before joint session of congress. the economy was the major focus of tonight's speech. the president outlined various proposals to create jobs and tackle the growing deficit. addressing the debate on healthcare, he reaffirmed his commitment to comprehensive reform. >> the longer it was debated more depull became skeptical. i know with all the lobbying and horse trading the process left most americans wondering what's in it for me. but i also know this problem is not going away. by the time i'm finished speaking tonight, more americans will have lost their health insurance. millions will lose it this year. our deficit will grow. premiums will go up. patients will be denied the care they need. small business owners will continue to drop coverage altogether. i will not walk away from these americans, and neither should the people in this chamber. [cheers and applause] >> he asked the two parties to work through
. welcome to a busy new year tonight on "washington week." now in h.d. >> ultimately the buck stops with me. as president, i have a solemn responsibility to protect our nation and our people. when the system fails it is my responsibility. >> i told the president today, i let limb down. i told him that i will do better and he will do better as a team. >> at the end of the week, one thing is clear. there's plenty of blame to go around as officials search for explanation at the white house, in a detroit courtroom and on capitol hill and at the central intelligence agency. morning the loss of seven of its own in afghanistan. on the domestic front, politician rules the day as leading democrats leave the fray. >> there are moments for each elected public official to step aside and let someone else step up. this is my moment to step aside. gwen: health care negotiations go behind closed doors. >> mr. president, i'm sorry to say that first time in american history, for the first time in american history a mill party has chosen to stand on the sidelines. >> i don't think we're on the sidelines in an
the tanker, fighting broke out, leaving three dead. one year ago this week, barack obama entered washington in style, by train on his formal inaugural journey. today, as barack obama deals with the realities of government, our correspondent has been retracing the route of that whistles stop tour -- was stopped -- whistle-stop tour. >> they came out to see their man on way to the white house. >> temperatures that were beyond frigid. they stood for hours to get a glimpse of this african-american man who was achieving the great american dream. >> as i prepare to leave for washington on a trip that you made possible -- >> baltimore was 4 days prior and for weeks after -- baltimore was for days prior and for weeks after -- >> i am not going alone. i will be taking you with me. >> baltimore, a largely black and democratic city. many feel the same enthusiasm for the man. >> asking one year later, how do you think barack obama is doing? >> it politicians and pundits sees a clear divide developing -- a politician and pundit sees a clear divide developing. >> the african-american community feels that
's so many urgent problems to solve (applause). >> warner: back in washington, there were mixed signals on the prospects for bipartisan progress. lawmakers from both parties agreed with the focus on creating jobs but not on the best way to do it. >> the president and i agree on the need to meet in the middle to find bipartisan agreement to grow jobs. >> warner: senate minority leader mitch mcconnell was on the floor earlier declaring he was ready to work with the president. >> we know increased american energy without a new national energy tax will grow good jobs. we know that increasing markets for our farmers, entrepreneurs, and manufacturers overseas through trade agreements will grow good jobs. we can get these done and i hope the president will join us in calling on the majority to bring these issues to the floor here in the senate. >> reporter: and democrats promised to roll out a new jobs agenda within the week. >> the three top issues on our agenda this year are jobs, jobs, and jobs. neither party can afford to overlook this issue or it will be seen as obstructing on it. if eith
. this is my moment to step aside. >> tom: chris dodd, one of washington's most powerful voices is leaving the senate, raising questions about the future of financial regulatory reform. >> susie: but meredith whitney, one of wall street's most powerful voices says dodd's departure won't silence calls for banking reform. you're watching "nightly business report" for wednesday, january 6. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening, susie. good evening, everyone. so the man leading the charge in the u.s. senate to reform the nation's financial system is leaving capitol hill at the end of the year. >> susie: tom, that was a hot topic even outside washington. connecticut's democratic senator chris dodd said today he will not run for another term, a decision that could have big implications for financial reform. >> tom: dodd chairs the powerful senate banking committee, which is in the midst of re-writing the rules for wall street. as stephani
victory. >> i bet they can hear this cheering all the way in washington, d.c.! ( applause ) >> ifill: brown's definitive victory over state attorney general martha coakley left senate democrats with 59 votes. that's one short of the super- majority the party's used to get key bills passed. and it instantly raised questions about the fate of health care reform legislation. brown campaigned against the democratic health care bills. he argued they would pose an unfair burden on massachusetts, which already has its own health care system. this morning, the senator-elect said what he opposes is washington's approach to health care. >> i think it's important for everyone to get some sort form of health care. so, to offer a basic plan for everybody, i think, is important. it's just a question of whether we're going to raise taxes, we're going to cut half a trillion from medicare, affect veterans' care. i think we can do it better. >> ifill: republicans declared voters sent a clear message in yesterday-- that democrats need to slow down. >> i'm convinced now that no gamesmanship will be play
. darren gersh, "nightly business report", washington. >> tom: here are the stories in tonight's "nbr newswheel". so much for wall street's early gains on that strong g.d.p. number. stocks turned south at midday on worries the pace of economic growth can't stay that high. commodity and tech stocks were hit hard. the dow fell 53 points, the nasdaq dropped 31, and the s&p 500 was down ten. a closer look coming up in "market focus". toyota says a fix is coming soon. next week, the automaker plans to tell millions of customers how it will fix their gas pedals. the associated press reports toyota is shipping new gas pedal assemblies to its plants to get production rolling again. honda, the other big japanese carmaker, is recalling the honda fit for a potential fire hazard. nearly 650,000 of the compact cars are at risk around the world. the motor on the power windows could overheat and catch fire. and tesla motors, a boutique maker of electric sportscars, wants to go mainstream. late today it filed for a $100 million initial public offering. it will use the money to develop its brand. >> s
on "washington week." >> let the american people decide how much money is enough. sunshine really does work if you allow it to. >> the roberts court has turned back the clock on our democracy by over a century. gwen: in one major decision, the supreme court rolls back decades of campaign finance limits. quhile while political upheaval of another kind rocks the capital as massachusetts voters pick republican senator scott brown. and how much will be the 41st republican senator weaken the president's agenda? >> it is just nice being out of washington. let me say. and there are nice people in washington but -- in can drive you crazy. gwen: amid aftershocks and confusion, the world copes with the devastation in haiti. covering the week, john biskupic of u.s.a. today and john harwood of cnbc and the "new york times" time and martha raddatz of abc news. ♪ gwen: good evening. perhaps we should have seen it coming, when the supreme court went out of its way to hear new arguments in what was considered a pretty tangent shall campaign finance case. and the citizens turned out to be a important plat
there may be more attempts to bomb airliners here. bbc news, washington. >> all of this, of course, amid growing concern about al qaeda's a pair links with yemen. -- apparently experian secretary of state hillary clinton -- >> the instability in yemen is a threat to global stability -- apparent links with yemen. trying to deal with the security concerns, and certainly, we know that this is a difficult set of challenges, but they have to be addressed. >> the secretary of state there in washington. the u.s. has lifted a 22-year ban preventing people with hiv or aids from entering the country. in have been in the 1980's. president obama says they are not compatible with becoming a leader in the fight against the disease -- it happened in the 1980's. russia has given georgia permission to resume air links. the first direct charter flights will start later this week. regular flights will follow soon before more talks between aviation authorities. the bbc has obtained evidence that a faulty computer software may have played a part in the crash of a chin up helicopter in scotland's where 29 peo
, politics in washington it is as bitter and divisive as ever. where is the change, asked impatient americans? now the anger has been turned on the democrats. >>> more on that to come later in the program. the people of haiti today felt a powerful aftershock that lasted several minutes is, -- that lasted several minutes, 6.1 magnitude. terrified people ran into the streets and more buildings collapsed. the eight organizations are still desperately -- aid organizations are still desperately trying to bring in medical supplies. >> katie's biggest hospital. -- haiti's biggest hospital. this neighborhood has been traumatized by terrifying aftershock. >> the staff here are fighting against all odds, trying to fight against this. this woman is trying to give birth and the baby is in the breech position. nearby, this woman had just given birth, a child born into chaos. >> it is chaos. >> the boy is ok? >> the boy is fine. >> another cry for help as staff gives aid to a young woman. they managed to revive her. >> this is a plastic tie for a bag of bread. we will cut the cord with this knife. >> is it
in pakistan today, and said they've been tortured. the men-- all young muslims from the washington, d.c., area-- have been in custody since december on suspicion of planning attacks inside pakistan. as their prison van drove by reporters, they shouted, "we're being tortured." prison officials and police refuted those claims. the president of ukraine, victor yushchenko, was eliminated from that country's presidential contest over the weekend. he was one of the architects of the so-called "orange revolution" five years ago, but won only 5% in the first round of voting. opposition leader viktor yanukovich, who lost the presidency to yuschenko in 2005, had the lead. his closest challenger was prime minister and orange heroine yulia tymoshenko. they will face each other in a runoff set for february 7. in chile, sunday's presidential election brought the first political shift to the right since general augusto pinochet's dictatorship ended in 1990. sebastian pinera, a billionaire conservative, won almost 52% of the runoff vote. his supporters rallied in streets across the country. pinera campaigned
dorgan, of north dakota, did the same. gwen ifill has the story. >> ifill: after 35 years in washington, senator dodd went home today to connecticut, to announce his decision not to run again. >> there are moments for each elected public official, to step aside, and let someone else step up. this is my moment to step aside. >> ifill: at 66, dodd is chairman of the senate banking committee. but 2009 was a long year for him, and his reelection prospects had recently grown shaky. >> i lost a beloved sister in july and in august, ted kennedy. i battled cancer over the summer, and in the midst of all of this, i found myself in the toughest political shape of my career. none of these events or circumstances, either individually or collectively is the cause of my decision not to seek relection. yet together, these challenges have given me pause to take stock and to ask questions that too few of us in elected public life ever do. why am i running? >> ifill: news of dodd's decision came on the heels of senator dorgan's statement that he plans to retire, too. like dodd, he was facing a potentiall
. >> i bit. everyone was sort of charged up about it. all of washington is actually very excited about it. people were thrilled. i mean, and democrats were very thrilled. the president's naturally going to dominate an event like that. he's got the podium. they are just holding handhelds. but republicans were thrilled too. i spoke to a bunch of republicans who were there afterwards and people who are-- . >> lehrer: what did they say. >> they were happy. they said he said all along we don't have plans but over and over again he acknowledged yeah, we do have alternatives, we've been offering them. so they acknowledged that he got most of the time, he did very well. but they were thrilled that they got some points across. and they were thrilled by the exchange. and i think americans will be thrilled by the exchange, to the extent they see it and will it lead to a mass depolarization, not exactly, obviously. and you know, there are fundamental differences on manys like health care there are just different approaches. but i think one of the things the president did very well is list a whole ser
in washington. and i welcome you to this special edition of the "newshour." in a few minutes, president obama will deliver his first state of the union address to a joint session of congress. you're looking at a live shot of the floor of the u.s. house of representatives where most of official washington is gathering to hear the speech. it comes as the president is confronting sagging approval ratings and the political fallout from a surprisingly strong republican victory last week in the massachusetts senate race. white house officials say tonight's address will mark a shift in tone and emphasis for the president, in response to rising public anger over the state of the economy. with me tonight, as they often are on big occasions, are shields and brooks-- that's syndicated columnist mark shields and "new york times" columnist david brooks. david, what are your expectationes on the speech tonight, sir? >> on policy it's going to be jobdz and the economy. how does he talk about health care? is it sort of a throw-away line-- yes, i'm still for it-- or does he actually come out strong and say he
preoccupied official washington from the white house on down. president obama managed to get through to haiti's president rene preval on the telephone this morning. >> i pledged america's continued commitment to the government and the people of haiti in the immediate effort to save lives and deliver relief, and in the long-term effort to rebuild. >> holman: for now, severe damage to the port-au-prince harbor made airlifts the only reliable way to get the aid onshore. and helicopters from the newly arrived u.s. navy aircraft carrier "carl vinson" ferried in their first relief supplies today. but the city's badly damaged airport remained a bottleneck. with the control tower disabled, the u.s. military officially took over takeoffs and landings today. these soldiers from the 82nd airborne division shipped out yesterday, but did not set down until late last night, after waiting hours to be cleared to land. in washington, the growing desperation in haiti intensified the focus on the pentagon's efforts to get the aid operation into high gear. u.s. military leaders said today there could be 10,000 a
washington does every speech. it becomes a speech of the lifetime. no doubt it's an important speech and it's an important speech because americans have been through a very difficult time and they're looking for a sense of what the future will hold. the president is going to talk about where we've been and where we're going and how we create jobs in this country that pay well, see wages grow, and secure the middle class again after this very difficult period we've been through. >> ifill: the president is expected to call for a three-year spending-- freeze on some domestic spending, and, yet also for an increase in education spending. how do you balance all that out? >> just like any family or business does, gwen. everybody in hard times has to make choices. you have to prioritize. you have to do without the things you can do without in order to pay for the things do you. education has to be a priority for this country because it's so much tied to the quality of life that our young people will live, and also the competitiveness of our country. so we have to make those investments. but we're
the massachusetts election. people in washington were all in a tizzy. trying to figure out what this means for health reform. >> we've gotten pretty far down the road. but i've got to admit, we had a little bit of a buzz saw this week. now i also know that part of the reason is, is that this process was so long and so drawn out, this is just what happens in congress. i mean it's just an ugly process. you're running head long in the special interests and armies of lobbyists, an partisan politics that's aimed at exploiting fears instead of getting things done. and then you've got ads that are scaring the bejesus out of everybody. and the longer it takes, the uglier it looks. >> rose: joining me is joe scarborough, host of msmbc morning joe, and joe klein of "time" magazine who interviewed president obama in this we can's "time" magazine. here is the cover story for that, called now what. and in washington adam nagourney of "the new york times" who wrote the story of analysis after the stunning event that took place in massachusetts. i am pleased to have all of them on this program. adam, let
his death. thousands rallied in washington in the annual "march for life". it was the 37th anniversary of the supreme court decision of roe v. wade that legalized abortion. the anti-abortion crowd rallied at the white house, and then moved on to the supreme court. a handful of abortion rights supporters were also present. downpours eased today as the latest pacific storm moved out of southern california. the risk for mudslides and flooding remained, especially for residents in the foothills of the san gabriel mountains. a state of emergency was declared in five counties after nearly ten inches of rain this week. still, local officials said many evacuation orders in los angeles county will soon be lifted. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's web site. but for now, back to jim. >> lehrer: and still to come on the newshour: shields and brooks; and who's in charge of the internet? that follows a rundown of a remarkable few days in politics. judy woodruff has the story. ( cheers and appl
, commander of u.s. central command, made a surprise visit to yemeni leaders. joining me now from washington, eric schmitt of the "new york times," steve coll of the "new yorker" magazine, gregory johnson, here in new york richard barrett a former british intelligence officer who has been with the united nations for the last five years. i am pleased to have all of them here for this broadcast. let me begin with richard barrett. where do you think we are today and what does what happened in yemen and what is unfolding in yemen say to us about the battle against sdmaeld >> well, it says the threat from al qaeda is very present, of course, and al qaeda is a resilient organization. nonetheless, i don't think the event of christmas day should obscure the fact that we made tremendous progress against al qaeda over the last two years in particular and i think al qaeda in most areas of the world where it operates-- and it's increasingly operating in ungoverned areas like the after/pakistan border and the algerian border and so on-- they're being forced to concentrate on areas, including yemen, to re
of the "washington post" and tom defrank of the "new york daily news". >> he has been defined by other people. he has been defined as a radical and he has failed to fight back. >> he has to do something that is, i think, counterintuitive for them as a white house. he ran as his own biography. people... it was about him in the campaign. he now has to make it about the voters. >> he can't go to the left because he doesn't have the votes in congress for the agenda that he thought he... that he thought he would have that the point. he just doesn't have the votes so he has no choice but to go to the center. but keep his seine terrorism twined up with the populist appeal and that's going to be tough. >> rose: we continue this evening with the number-one book in the country. is it about politics and the election of 2008, "game change" is the book. the authors are mark halperin and john heilemann. >> there has to be a program that fits into that narrative that appeals to obama republicans just as reagan had a program that appealed to reagan democrats. >> rose: or independents or growth in well, both, because
times," bob baer, former c.i.a. agent, and david ignatius of the "washington post." >> this was the in the minds of the jordanians and the c.i.a. sort of a gold-plated sort. a guy who could get them access to al qaeda in ways they've never seen since 9/11. >> it's going to cause the c.i.a. to pull back, the c.i.a. in afghanistan and iraq is going to second guess every person who knocks on the door. we call these walk ins like this dr. w.a.c. w.a.c.. our intelligence is going to get worse. >> this was a well planned and subtle operation. the notion that al qaeda is so much on the run now that it can't operate, it can't hit us which you were hearing over the last year from some intelligence officials have been clearly shown to be wrong. >> rose: we conclude with jason epstein, well-known editor, well-known writer about food. we'll talk about books and food. >> i would sit on the wood box next to the stove to keep warm and watch my grandmother take pies out of the oven and stews and everything she was making and i felt safe and cozy in that situation. the wind was blo
. as darren gersh reports, the bankers face angry americans and pressure from washington. >> reporter: after bailing out the bankers in 2008 and 2009, washington is beginning 2010 by attacking them. phil angelides, the chairman of the crisis commission, tried to pin down the c.e.o.s of the nation's big banks, holding them responsible for their actions in the financial meltdown. beginning with a goldman sachs strategy of betting against mortgage securities it was selling to clients. that touched off a spirited exchange. >> it sounds little bit to me like selling a car with faulty brakes and then buying an insurance policy on the buyers of those cars. it just doesn't seem to me that is a practice that inspires confidence. >> every purchaser of an asset here is an institution probably professional only investors dedicated to this business. >> representing pension funds who have the life savings of police officers, teachers. >> these are the professional investors who want this exposure. >> reporter: blankfein argued wall street was mostly a middle man helping to package and sell securities that
washington, meeting condoleezza rice and other members of the bush administration. by the time he returned, he believed war was justified. on march 17, he gave his authority for war, reporting his conclusion to the cabinet, but there was no cabinet discussion. >> i recall telling the cabinet there is another point of view and this is the conclusion i have reached, and then the discussion on the legality simply stopped. >> what of the media reports that it was pressure from tony blair that forced lord goldsmith to change his mind on the war? >> it was alleged that you were pinned to the wall, who allegedly had performed a pincer movement on you and told you what belair wanted. would you like to comment on that? >> absolutely complete and utter nonsense. >> it was hours of discussion about the wording of the u.n. resolution which lord goldsmith became convinced after the full legal justification for innovation. >>> in nigeria, the senate and cabinet are at loggerheads over the future of the president. he has been out of the country two months, receiving medical treatment and saudi arabia. ca
washington post." the year has been highlighted by a number of domestic and foreign policy challenges. it also tonight, comedy legend bob newhart, celebrating 50 years in show business, including one of tv's true classics, "the bob newhart show." a look at president obama's first year and office -- a look at president obama's first year in office and bob newhart, coming up right now. i>> there are so many things tht walmart is looking forward to doing, like helping people live better. but mostly, we're helping build stronger communities and relationships. because with your help, the best is yet to come. >> nationwide insurance proudly supports "tavis smiley." tavis and nationwide, working to improve financial literacy and the economic empowerment that comes with it. >> ♪ nationwide is on your side ♪ >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: dan balz has been covering politics for the boston post more than 30 years now -- for the washington post more than 30 years now. dan, nice to have
's go back to washington. this is the scene live in the grand foyer. our main story, that president obama is meeting with top intelligence and security officials. we expect the president to speak in the next few moments. as we wait for him to leave that meeting and speak to the assembled media, let's speak to philip thomas. he has been away for 11 days in hawaii, and as well as the obvious security measures we think he will be announcing today, something of a damage limitation exercise politically for him. >> he wants to be in control, chris, firm, and share some of the outrage that america is feeling and show that he acknowledges the national sense of shock out there. there has been a great deal of criticism over the fact that after christmas day -- it seemed to take a few days for the white house to get its message together. he will be announcing policy changes, and we are hearing a bit of that already, with the decision for example not to repatriate yen many criminals -- yemeni criminals. >> is anybody in the firing line for the mistakes that have been made? >> i think people wil
could redeem this if we reset in washington and on wall street. >> i want to be presumptions and add one more st.. pennsylvania avenue. wall street, your street, and pennsylvania avenue. i was at your conference in washington were you were talking about ending poverty. you dedicate the majority of your life to eradicating poverty. it can be done. you have a plan. others have laid out plans about how we end poverty. this president has not gotten serious about ending poverty. this wall street stock -- he did that. he said the other day, they get it now. jobs, jobs, jobs, but how do we rediscover our values when the people in washington have not -- i do not want to say figure it out. it is more about making a priority to end poverty. it can be done. >> i have known him for 10 years, and when he was elected, he said, to accomplish anything important, i will need the wind of movement at my back. i said, probably one at your front. fdr needed the labor movement, so it has not yet become a social movement. i was on pennsylvania avenue before christmas with some first-time home buyers. they save
"american sketches." he joins us tonight from washington. good to have you back on the program. >> and good to be back with you. tavis: let me start by asking whether or not to your mind there were any immediate comparisons, or not so immediate comparisons, that you drew between what we in toward with hurricane katrina in new orleans and what we are seeing in haiti as we speak. >> let me start with a good things. there is something about the human heart that has benevolence, compassion. when something is happening to someone else that is bad, people want to help. people are still coming into new orleans to help. that was the same instinct in haiti. the darker side of it, in new orleans whether it was that the state level, the national level, or the local level, like you did not have great governance. you do not have people working together efficiently in the government. likewise we have that problem in haiti. we talk about leadership i lot. both of those situations prove that good leadership matters. tavis: it does matter, but as good leadership matter only during a crisis? or before you ge
. >> tom: the move hits financial stocks and the rest of the market. coming up, reaction from washington to wall street. you're watching "nightly business report" for thursday, january 21. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening everyone. president obama proposed today tough new rules on the nation's biggest banks, restricting their size and their activities. tom, he said the plan would limit quote "reckless risks". >> tom: susie, that announcement from the president in washington reverberated on wall street. investors dumped stocks; the dow tumbled 213 points and the nasdaq lost 25, putting both indices into negative territory for the year. >> susie: the core concern is that the obama plan forces banks to choose commercial banking or investment banking. they can't do both. washington bureau chief darren gersh explains. >> reporter: the president said he was naming his new banking rules afte
that will be tough to vote against in an election year. darren gersh, "nightly business report", washington. >> susie: also in washington, more tough questions for the key players in the financial crisis. the financial crisis inquiry commission called in today top regulators to explain what caused the meltdown in the nation's financial system. their testimony came a day after the c.e.o.s of nation's biggest banks admitted to the commission the mistakes they made that contributed to the crisis. in the hot seat today, the attorney general, the head of the securities and exchange commission and the top banking regulator. f.d.i.c. chair sheila bair told the panel regulating wall street's big banks isn't easy. >> somebody has to take away the punch bowl, and it can be very difficult to take away the punch bowl when, you know, people are making money at it now. but i think going forward, this is a key lesson learned. >> tom: now, the man who is running those hearings joins us. phil angelides, chairman of the financial crisis inquiry commission. mister angelides welcome back to n.b.r. >> good to be with you
by public affairs television >> moyers: welcome to the journal. there were hands in the air in washington this week, but it wasn't a stickup. the new financial crisis inquiry commission, appointed by congress to find out how america got rolled, began hearings this week. these four are not the victims of one of the greatest bank heists in history; they're the perpetrators, bankers so sleek and crafty, they got off with the loot in broad daylight, and then sweet-talked the government into taxing us to pay it back. watching that scene on the opening day of the hearings, it was hard enough to believe that almost a year has passed since barack obama raised his hand, too, taking the oath of office to become our 44th president. even harder to remember what america looked like before obama, because we've also been robbed of memory, assaulted by what the nobel laureate czeslaw milosz described as a "fantastic proliferation of mass media." we live in a time "characterized by a refusal to remember." inconvenient facts simply disappear down the memory hole, as in george orwell's novel, "1984." presid
. there a continuing debate here in washington about what to do and whether to do anything. >> yeah. so i know you all have had on the show carmen reinhart and ken rogoff who has written a book about the history of financial crises and it shows on average unemployment rises for four to five years after a financial crisis. that would take us to 2011 or 2012. the reason people think it will not raise for that long is, in fact, this aggressive response, this big stimulus package, the federal reserve move. nd so there is wide agreement, not unanimous but wide agreement that government policy has helped soften the downturn. the problem is at this point we're not going to get another huge stimulus package. we probably shouldn't get another huge stimulus package given the deficit fears that a lot of people have. so the responses the government will have at this point are muted. >> reporter: the president today had a targeted green job. >> the targeted green jobs which really isn't that big, right. we're talking about at most i think he said tens of thousands of jobs. and that is relative to what we've got in
. the nation's $1.4 trillion deficit was topic number one in washington today. president obama is planning to call for a three-year freeze on some government spending. >> woodruff: and i'm judy woodruff. on the newshour tonight: the senate rejected a plan to create a bipartisan panel to tackle the deficit. we'll talk to senators kent conrad and judd gregg. >> ifill: then, how are the policy debates in washington affecting the political debates leading up to the midterm elections. >> woodruff: paul solman takes a real estate tour in atlanta with two experts on housing prices. >> there's reasons to believe it will stay down and there are reasons to believe it's going to come back. that's why you economists drive people crazy. you do understand that. >> absolutely. >> ifill: ray suarez has the story of american doctors and nurses helping to rebuild haiti's shattered health care system. and the obama administration gets an "f" for its ability to respond to a biological attack. >> ifill: that's all ahead on tonight's "pbs newshour." major funding for the pbs newshour is provided by: bank of ame
>> rose: welcome to the broadcast. in washington today, the president met with his national security team to talk about terrorism and what he must do to make the country safer. we'll talk about that with michael chertoff, former secretary of the homeland security department and jeff zeleny of the "new york times". >> the failure was to analyze that information. in other words, the human beings involved didn't seize that opportunity to really to take advantage of the information presented to him. and that's, i think, going to be where his focus has to be now. >> this is the third time president obama has addressed the christmas day incident on camera and his tone today was the sharpest that it's ever been. part of that was to show the american people that he is on top of this. he's just one day back from vacation. a vacation that has been criticized in some corridors for if he should have ended it or if he was on top of this. but his tone today suggested to me that we certainly haven't seen the end of this. >> rose: we continue with dr. atul gawande, surgeon at brig and women
up, we're expecting to hear from president obama in washington about his concern that america's intelligence agencies failed to make use of information they had to stop the detroit bomb plotters, boarding better. on for the united states on christmas day. also, they fell to join the dots, as sources put it, over the fort hood shootings. the national security adviser has said many americans will be shocked by the findings of the white house report. that is coming up. thank you for being with us. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. the newman's own foundation. the john d. and catherine t. macarthur foundation. and union bank. >> union bank has put its financial strength to work for a wide range of companies from small businesses to major corporations. what can we do for you? >> i'm julia stiles. >> i'm kevin bacon. >> i'm kim cattrall. >> hi, i'm ken burns. >> i'm lili taylor. >> i'm henry louis gates, jr., and public broadcasting is my source for news about the world. >> for intelligent conversation. >> for election
in haiti. as technology evolves, so ways of telling stories. bbc news, washington. >> do not forget any time you want it, you can get a minute by minute update on haiti and all the international news at our website, bbc.com. the reuters news agency is putting the president as saying earthquake victims of already been buried in a common grave. thank you for being with us. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. the newman's own foundation. the john d. and catherine t. macarthur foundation. and union bank. >> union bank has put its financial strength to work for a small businesses to major corporations. what can we do for you? >> i'm julia stiles. >> i'm kevin bacon. >> i'm kim cattrall. >> hi, i'm ken burns. >> i'm lili taylor. >> i'm henry louis gates, jr., and public broadcasting is my source for news about the world. >> for intelligent conversation. >> for election coverage you can count on. >> for conversations beyond the sound bites. >> for deciding who to vote for. >> i'm kerry washington, and public broadcasting is my sourc
to obama yet. bbc news, washington. >> it looks as though there may be real evidence of the republican resurgence in massachusetts, people voting to fill the senate seat now made vacant from the death of senator kennedy. martha coakley and scott brown, the race is unexpectedly too close to call. if it goes to brown, the democrats will lose their filibuster proof 60-seat majority in the senate. now, do you have a sense havemalaise when it comes -- do you have a sense of malaise when it comes to making bernaise? >> in the heart of rome, you cannot get any more italian than that. how about a spaghetti bolognese? that should not be too difficult, should it? actually, it is. top chefs say that people are rarely served it a good bolognese sause, which includes bacon, tomatoes, carrots, onions, celery, herbs, garlic -- a good bolognese sauce. there is also white wine and milk. also, it should not be served with the spaghetti, but italian deli -- but tagliatelle. >> we would like to see it done in the proper way. >> they say it is now time to defend its reputation. and here is, the quintessent
. first from washington, james, who covered hurricane katrina. >> i drove into new orleans a couple of days after hurricane katrina had struck and the levees have broken. once you took in the scale of the flooding and the devastation, you had the sense that this was america's superpower, it did not seem to be able to coordinate things for something like this. there was also the question of looting, law-and-order breaking down. new marlins -- new orleans has always had a crime problem. you have military coming in, members of the national guard and armed forces. they were drafted and it felt very much like a war zone at times, quite eerie, no lights and military figures walking around. >> it was five weeks after hurricane katrina that the earthquake struck in pakistan's northern areas. it was on a saturday a little before nine in the morning. our team was one of the first to get on the ground and view the magnitude of that earthquake. when we got there, we saw schools destroyed, lots of children trapped under buildings. parents were screaming for help but not being able to do anything
try to deal with facts have so little respect for washington which seems to deal mostly with emotions. my problem with bernanke is he's too much of an academic and too open about the fed's warnings so politicians and markets are losing respect for the fed. i've said since 2007 that the fed has been way too nice to wall street. but we need to remember something. if bernanke and the fed hadn't bailed out the financial , the great depression wouldn't be history. it would be current events. we have millions more unemployed. people's retirement accounts wiped out. house prices in the toilet. look, even a non-fan like me could see that bernanke cares a lot about main street. he spent his career studying the great depression trying to make sure we don't have a second one. he, better than anyone, knows how much main street would be hurt if we had a rerun. he's the same guy he was a few months ago. when washington loved him for saving the financial system. if you liked him then, you should like him now. so let's hope the senate acts like grown-ups and confirms him. we've already got big econom
appraiser don boucher has tracked areas in the distant suburbs of washington, d.c. and seen large numbers of foreclosures. but few of those properties have gone up for sale. he says this shadow inventory could trip up hard-hit neighborhoods that appeared to be stabilizing. >> there's all this shadow foreclosure inventory out there and it hasn't come on the market yet. if at some point in time, the lenders do put that inventory back into the market, then those price bumps, are just going to go back down till the additional inventory is absorbed. it's the classic supply and demand situation. >> reporter: many economists believe it could take a couple of years before the supply demand balance returns to normal for the housing market. for 2010, that means another tough year for sellers and a good year for bargain hunters. stephanie dhue, "nightly business report," washington. >> paul: with the housing market likely to remain under pressure, construction jobs-- both residential and commercial-- will still be hard to find in the coming year. the construction industry has lost over 1.5 million p
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